KOC to increase crude output to 3.15 million bpd next year

Monday, 06 January 2014 04:30

KOC is working within a pre-planned strategy to produce four million bpd by 2020, Hashim said. (Image source: Ben Alexander/Flickr)Kuwait Oil Company (KOC) will raise its crude output up to 3.15mn bpd by 2015 with the drilling of around 300 oilwells this year in the country

Hashim Hashim, CEO of KOC, said that KOC is currently working within a pre-planned strategy to produce four million bpd by 2020 and remain at that level of production through the next 10 years, local news agency KUNA reported.

He added that implementation of many projects in the foreseeable future would enable the company to achieve this goal.